RELIANCE INC
For the period ended Mar 31, 2024. Filed May 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 2, 2024
RS$427.15+1.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Consolidated Statements of Income
(in millions, except number of shares which are reflected in thousands and per share amounts)
| | | | | | |
|---|---|---|---|---|---|
| | Three Months Ended March 31, | ||||
| · 2024 · 2023 | |||||
| Net sales | $3,644.8 | | $3,965.3 | ||
| | | | | | |
| Costs and expenses: | | | | | |
| Cost of sales (exclusive of depreciation and amortization shown below) | | 2,516.6 | | | 2,739.3 |
| Warehouse, delivery, selling, general and administrative | | 671.5 | | | 651.3 |
| Depreciation and amortization | | 63.6 | | | 61.1 |
| | | 3,251.7 | | | 3,451.7 |
| | | | | | |
| Operating income | | 393.1 | | | 513.6 |
| | | | | | |
| Other (income) expense: | | | | | |
| Interest expense | | 9.7 | | | 10.9 |
| Other income, net | | (12.8) | | | (5.8) |
| Income before income taxes | | 396.2 | | | 508.5 |
| Income tax provision | | 92.4 | | | 124.1 |
| Net income | | 303.8 | | | 384.4 |
| Less: net income attributable to noncontrolling interests | | 0.9 | | | 1.3 |
| Net income attributable to Reliance | $302.9 | | $383.1 | ||
| | | | | | |
| Earnings per share attributable to Reliance stockholders: | | | | | |
| Basic | $5.28 | | $6.51 | ||
| Diluted | $5.23 | | $6.43 | ||
| | | | | | |
| Shares used in computing earnings per share: | | | | | |
| Basic | | 57,340 | | | 58,832 |
| Diluted | | 57,882 | | | 59,534 |
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